An analyst is evaluating GutWare, a European consumer goods company that is restructuring its cost structure to increase shareholder value. The analyst gathers the following summary financial data for GutWare and five peer companies:

Revenues (GBP Millions) EBIT (GBP Millions) EBIT Margin (%)
GutWare 53,500 5,885
Peer 1 54,100 12,443
Peer 2 72,200 12,274
Peer 3 62,300 16,821
Peer 4 75,900 14,421
Peer 5 34,200 8,550

If GutWare's EBIT margin were equal to that of the peer group median, its operating costs (in GBP millions) would total:

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